PRMIA Risk Management Challenge

Be part of an award-winning international student competition. The Risk Management Challenge, a case competition of the PRMIA Institute, empowers undergraduate and graduate students by taking them beyond the classroom and giving them exposure to real-world business situations. The Challenge offers students the opportunity to apply the concepts they have learned and showcase their knowledge, critical thinking skills, leadership, and presentation abilities while competing to win a US$10,000 cash award. 

The Challenge begins with registration opening September 11, 2023 through December 13, 2023 with the online preliminary round that runs through mid-January. The top teams from that round are chosen to advance to regional competitions, which will be hosted virtually by participating PRMIA chapters in mid-February. The winners of the regional competitions will compete in the international finals in March 2024. This in-person event in Boston, US will be hosted by our global sponsor, MathWorks, where the teams will present their case solutions to an industry panel of judges.

Students say one of the highlights of their experience is the chance to grow their professional network and gain insight into the risk industry as they meet with students, faculty, and risk leaders from around the world.

Learn more about the rules and structure of the competition in the Program Handbook and view two recent case studies: National Australia Bank and Long-Term Capital Management. Watch presentations from the 2021 international finals by the champions, The Big Four, and the runner-up, Risk Among Us, both from the Rotman School of Management, University of Toronto, on their solutions to the National Australia Bank case study.

We are proud to have MathWorks as a global sponsor. Upon registering, teams are given the opportunity to apply for a complimentary license of MATLAB to use for competition purposes. 

The competition is open to any undergraduate and graduate students currently enrolled at the time of registration. Teams may be formed among students from different universities. Each team member must use their university-affiliated email address to show proof of student status. 

Students from across any of the following areas of study are encouraged to participate: finance, economics, mathematics, business or commerce, accounting, and marketing. There are no coursework prerequisites.

One team leader must register their team of three to four members. The early registration deadline is November 13, 2023 (US$100 per team). The final registration deadline is December 13, 2023 (US$200 per team after November 13). Registration by November 13 is encouraged to gain early access to the case study and additional time to work on the case solution.

The winning team wins a cash award of up to US$10,000 (subject to US tax laws). The top two teams will receive scholarships for the Professional Risk Manager (PRM™) Designation (US$1,455 value per student).

Each team that qualifies for the international championship will receive a one-year PRMIA Sustaining Membership for each team member ($US225 value per student), special member pricing on competency-focused credentialing along with learning and development programs, online risk resources, local and global connectivity to peers, and career building tools.